24th Mar 2025 14:40
FORM 8.3 | |||||||
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY | |||||||
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR | |||||||
MORE | |||||||
Rule 8.3 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
(a) | Full name of discloser: |
| Barclays PLC. | ||||
(b) | Owner or controller of interest and short |
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| positions disclosed, if different from 1(a): | ||||||
(c) | Name of offeror/offeree in relation to whose | AVIVA PLC | |||||
| relevant securities this form relates: | ||||||
(d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 21 Mar 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DIRECT LINE INSURANCE GROUP PLC |
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2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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Class of relevant security: | 32 17/19p ordinary | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 14,590,323 | 0.54% | 15,588,019 | 0.58% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 14,583,311 | 0.54% | 9,030,541 | 0.34% |
(3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 225,364 | 0.01% |
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| TOTAL: |
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| 29,173,634 | 1.09% | 24,843,924 | 0.93% |
(b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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Class of relevant security in relation to |
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which subscription right exists |
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Details, including nature of the rights |
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concerned and relevant percentages: |
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3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales |
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Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security |
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32 17/19p ordinary | Purchase | 1,014,690 | 5.5386 GBP | ||||
32 17/19p ordinary | Purchase | 695,812 | 5.5500 GBP | ||||
32 17/19p ordinary | Purchase | 225,303 | 5.5496 GBP | ||||
32 17/19p ordinary | Purchase | 215,429 | 5.5497 GBP | ||||
32 17/19p ordinary | Purchase | 173,051 | 5.5343 GBP | ||||
32 17/19p ordinary | Purchase | 113,153 | 5.5241 GBP | ||||
32 17/19p ordinary | Purchase | 111,462 | 5.5261 GBP | ||||
32 17/19p ordinary | Purchase | 47,970 | 5.5292 GBP | ||||
32 17/19p ordinary | Purchase | 38,987 | 5.5339 GBP | ||||
32 17/19p ordinary | Purchase | 35,837 | 5.5157 GBP | ||||
32 17/19p ordinary | Purchase | 25,148 | 5.5441 GBP | ||||
32 17/19p ordinary | Purchase | 20,673 | 5.5427 GBP | ||||
32 17/19p ordinary | Purchase | 18,212 | 5.5379 GBP | ||||
32 17/19p ordinary | Purchase | 14,539 | 5.5417 GBP | ||||
32 17/19p ordinary | Purchase | 12,976 | 5.5033 GBP | ||||
32 17/19p ordinary | Purchase | 7,994 | 5.5344 GBP | ||||
32 17/19p ordinary | Purchase | 5,572 | 5.5414 GBP | ||||
32 17/19p ordinary | Purchase | 5,409 | 5.5361 GBP | ||||
32 17/19p ordinary | Purchase | 3,925 | 5.5036 GBP | ||||
32 17/19p ordinary | Purchase | 3,817 | 5.5260 GBP | ||||
32 17/19p ordinary | Purchase | 3,751 | 5.5421 GBP | ||||
32 17/19p ordinary | Purchase | 3,309 | 5.5520 GBP | ||||
32 17/19p ordinary | Purchase | 3,227 | 5.5514 GBP | ||||
32 17/19p ordinary | Purchase | 2,373 | 5.5374 GBP | ||||
32 17/19p ordinary | Purchase | 1,666 | 5.5000 GBP | ||||
32 17/19p ordinary | Purchase | 1,630 | 5.5186 GBP | ||||
32 17/19p ordinary | Purchase | 1,557 | 5.5494 GBP | ||||
32 17/19p ordinary | Purchase | 1,204 | 5.5527 GBP | ||||
32 17/19p ordinary | Purchase | 869 | 5.5360 GBP | ||||
32 17/19p ordinary | Purchase | 632 | 5.5300 GBP | ||||
32 17/19p ordinary | Purchase | 599 | 5.5420 GBP | ||||
32 17/19p ordinary | Purchase | 594 | 5.5460 GBP | ||||
32 17/19p ordinary | Purchase | 427 | 5.5388 GBP | ||||
32 17/19p ordinary | Purchase | 222 | 5.5510 GBP | ||||
32 17/19p ordinary | Purchase | 221 | 5.5540 GBP | ||||
32 17/19p ordinary | Purchase | 208 | 5.5534 GBP | ||||
32 17/19p ordinary | Purchase | 130 | 5.5630 GBP | ||||
32 17/19p ordinary | Purchase | 28 | 5.5530 GBP | ||||
32 17/19p ordinary | Sale | 525,229 | 5.5500 GBP | ||||
32 17/19p ordinary | Sale | 504,913 | 5.5483 GBP | ||||
32 17/19p ordinary | Sale | 228,454 | 5.5025 GBP | ||||
32 17/19p ordinary | Sale | 121,262 | 5.5491 GBP | ||||
32 17/19p ordinary | Sale | 112,705 | 5.5318 GBP | ||||
32 17/19p ordinary | Sale | 100,385 | 5.5505 GBP | ||||
32 17/19p ordinary | Sale | 92,588 | 5.5498 GBP | ||||
32 17/19p ordinary | Sale | 89,789 | 5.5451 GBP | ||||
32 17/19p ordinary | Sale | 88,893 | 5.5481 GBP | ||||
32 17/19p ordinary | Sale | 55,364 | 5.5358 GBP | ||||
32 17/19p ordinary | Sale | 48,044 | 5.5331 GBP | ||||
32 17/19p ordinary | Sale | 43,364 | 5.5547 GBP | ||||
32 17/19p ordinary | Sale | 31,214 | 5.5394 GBP | ||||
32 17/19p ordinary | Sale | 27,854 | 5.5423 GBP | ||||
32 17/19p ordinary | Sale | 27,117 | 5.5220 GBP | ||||
32 17/19p ordinary | Sale | 10,981 | 5.5488 GBP | ||||
32 17/19p ordinary | Sale | 10,854 | 5.5371 GBP | ||||
32 17/19p ordinary | Sale | 10,086 | 5.5422 GBP | ||||
32 17/19p ordinary | Sale | 10,000 | 5.5410 GBP | ||||
32 17/19p ordinary | Sale | 6,428 | 5.5520 GBP | ||||
32 17/19p ordinary | Sale | 5,099 | 5.5135 GBP | ||||
32 17/19p ordinary | Sale | 4,997 | 5.5263 GBP | ||||
32 17/19p ordinary | Sale | 4,889 | 5.5291 GBP | ||||
32 17/19p ordinary | Sale | 4,285 | 5.5362 GBP | ||||
32 17/19p ordinary | Sale | 4,153 | 5.5479 GBP | ||||
32 17/19p ordinary | Sale | 3,771 | 5.5180 GBP | ||||
32 17/19p ordinary | Sale | 3,378 | 5.5379 GBP | ||||
32 17/19p ordinary | Sale | 3,000 | 5.5417 GBP | ||||
32 17/19p ordinary | Sale | 2,590 | 5.5290 GBP | ||||
32 17/19p ordinary | Sale | 1,707 | 5.5497 GBP | ||||
32 17/19p ordinary | Sale | 1,597 | 5.5296 GBP | ||||
32 17/19p ordinary | Sale | 1,488 | 5.5279 GBP | ||||
32 17/19p ordinary | Sale | 1,483 | 5.5084 GBP | ||||
32 17/19p ordinary | Sale | 1,194 | 5.5221 GBP | ||||
32 17/19p ordinary | Sale | 1,158 | 5.5360 GBP | ||||
32 17/19p ordinary | Sale | 1,043 | 5.5202 GBP | ||||
32 17/19p ordinary | Sale | 866 | 5.5398 GBP | ||||
32 17/19p ordinary | Sale | 561 | 5.5142 GBP | ||||
32 17/19p ordinary | Sale | 512 | 5.5340 GBP | ||||
32 17/19p ordinary | Sale | 367 | 5.5339 GBP | ||||
32 17/19p ordinary | Sale | 356 | 5.5130 GBP | ||||
32 17/19p ordinary | Sale | 222 | 5.5510 GBP | ||||
32 17/19p ordinary | Sale | 221 | 5.5540 GBP | ||||
32 17/19p ordinary | Sale | 173 | 5.5496 GBP | ||||
32 17/19p ordinary | Sale | 164 | 5.5140 GBP | ||||
32 17/19p ordinary | Sale | 152 | 5.5448 GBP | ||||
32 17/19p ordinary | Sale | 146 | 5.5079 GBP | ||||
32 17/19p ordinary | Sale | 119 | 5.5517 GBP | ||||
32 17/19p ordinary | Sale | 113 | 5.5552 GBP | ||||
32 17/19p ordinary | Sale | 87 | 5.5515 GBP | ||||
32 17/19p ordinary | Sale | 28 | 5.5530 GBP | ||||
32 17/19p ordinary | Sale | 23 | 5.5384 GBP | ||||
32 17/19p ordinary | Sale | 19 | 5.5511 GBP | ||||
32 17/19p ordinary | Sale | 10 | 5.5630 GBP | ||||
32 17/19p ordinary | Sale | 7 | 5.5528 GBP | ||||
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(b) | Cash-settled derivative transactions |
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Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description |
| reference | unit | |||
security |
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32 17/19p ordinary | SWAP | Increasing Long | 112,705 | 5.5318 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 55,364 | 5.5358 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 146 | 5.5079 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,483 | 5.5084 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 164 | 5.5139 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 950 | 5.5200 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 206 | 5.5265 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 1,411 | 5.5282 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 4,889 | 5.5291 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Short | 502 | 5.5297 GBP | |||
32 17/19p ordinary | SWAP | Opening Long | 48,044 | 5.5331 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 6,294 | 5.5365 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,082 | 5.5371 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 56,633 | 5.5374 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,378 | 5.5379 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 23 | 5.5384 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 78 | 5.5387 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 31,214 | 5.5394 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,478 | 5.5399 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,794 | 5.5400 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 10,000 | 5.5410 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 538 | 5.5420 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 12,201 | 5.5426 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 89,789 | 5.5451 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 4,153 | 5.5480 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 10,503 | 5.5483 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 10,981 | 5.5488 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 121,262 | 5.5491 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 46,729 | 5.5496 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 1,707 | 5.5497 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 428,357 | 5.5500 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 43,364 | 5.5547 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 612 | 5.4993 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 8,527 | 5.5014 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,925 | 5.5035 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 3,837 | 5.5080 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 35,837 | 5.5157 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 113,153 | 5.5241 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 111,462 | 5.5261 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 507,681 | 5.5284 GBP | |||
32 17/19p ordinary | SWAP | Decreasing Long | 42,683 | 5.5333 GBP | |||
32 17/19p ordinary | SWAP | Opening Short | 153,415 | 5.5352 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 403 | 5.5423 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 250,659 | 5.5484 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 346,414 | 5.5500 GBP | |||
32 17/19p ordinary | SWAP | Increasing Short | 204,538 | 5.5502 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 3,087 | 5.5368 GBP | |||
32 17/19p ordinary | SWAP | Increasing Long | 195 | 5.5500 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 27,117 | 5.5219 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 1,693 | 5.5425 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 155,070 | 5.5495 GBP | |||
32 17/19p ordinary | CFD | Increasing Long | 4,054 | 5.5496 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 33,192 | 5.5345 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 54,690 | 5.5385 GBP | |||
32 17/19p ordinary | CFD | Decreasing Long | 4,054 | 5.5523 GBP | |||
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(c) | Stock-settled derivative transactions (including options) |
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(i) | Writing, selling, purchasing or varying |
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Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price |
| date | money |
relevant |
| selling, | securities | per unit |
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security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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(d) | Other dealings (including subscribing for new securities) |
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Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security |
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4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings arrangements |
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Details of any indemnity or option arrangement, or any agreement or understanding, |
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formal or informal, relating to relevant securities which may be an inducement to deal |
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or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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to the offer or any person acting in concert with a party to the offer: |
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NONE | |||||||
(b) | Agreements, arrangements or understandings relating to options or derivatives |
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Details of any agreement, arrangement or understanding, formal or informal, between |
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the person making the disclosure and any other person relating to: |
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(i) the voting rights of any relevant securities under any option; or |
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(ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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any derivative is referenced: |
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NONE | |||||||
(c) | Attachments |
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Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 24 Mar 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO | |||||||
PURCHASE OR SELL ETC. | |||||||
Note 5(i) on Rule 8 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
Identity of the person whose positions/dealings | Barclays PLC. | ||||||
are being disclosed: | |||||||
Name of offeror/offeree in relation to whose | AVIVA PLC | ||||||
relevant securities this from relates: | |||||||
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2. | OPTIONS AND DERIVATIVES | ||||||
Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | |
32 17/19p ordinary | Call Options | Written | -120,790 | 5.3305 | European | 06 Jun 2025 | |
32 17/19p ordinary | Call Options | Written | -104,574 | 5.3176 | European | 05 Jun 2025 | |
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3. | AGREEMENTS TO PURCHASE OR SELL ETC. | ||||||
Full details should be given so that the nature of the interest or position can be fully understood: | |||||||
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